Binance founder Changpeng Zhao is sounding the alarm on rising crypto threats following the high-profile hacks of Cointelegraph and CoinMarketCap.
The crypto industry is on high alert after two major websites, CoinMarketCap and Cointelegraph, fell victim to hackers.
In response to these incidents, Binance founder Changpeng Zhao has issued a warning, urging users to be careful with wallet connections.
Changpeng Zhao warns users against the rise of crypto-hacks.
In a recent X post, Binance founder Changpeng Zhao expressed concern over the growing number of crypto hacks.
As an example of the growing threat, CZ highlighted recent breaches of prominent crypto websites such as CoinMarketCap and Cointelegraph. He warned users to be careful when connecting wallets. His post read,
2 days ago CMC, now CT. Hackers are targeting information web sites now. Be careful when authorizing wallet connect.
Recently, Web3 security company CertiK indicated that attackers are turning their attention to targeting users through social engineering schemes exploiting smart contract vulnerabilities. In May,
Coinbase was targeted in a security breach, where hackers stole sensitive information of major clients.
According to CertiK, there has been a significant increase in cryptohacks powered by wallet compromises.
This change is reflected in significant losses in 2025. This year, hackers have stolen more than $2.1 billion, largely due to wallet compromises and phishing attacks.
Ronghui Gu, Co-Founder of CertiK said,
Attackers always target the weakest point…Smart contracts or blockchain code itself was the weakest point, but now the attackers feel like the weakest points may come from human behavior rather than the code.
Whatever happened to CoinMarketCap and Cointelegraph?
Notably, Changpeng Zhao's warning comes in response to recent breaches of CoinMarketCap and Cointelegraph.
CoinMarketCap hack
CoinMarketCap suffered a security breach, where hackers exploited a vulnerability on the platform. While the hacked platform displayed a malicious pop-up notification attempting to trick users into verifying their crypto wallets, CoinMarketCap quickly removed the code.
Changpeng Zhao revealed that CoinMarketCap reported 39 victims with a combined loss of $18,570 based on initial on-chain analysis, and that the platform has committed to cover all losses.
Cointelegraph Hack
Crypto news outlet Cointelegraph confirmed that its website was hacked into a front-end exploit, which promoted a fake token airdrop and targeted user funds.
The media platform acknowledged the “fraudulent pop-ups” and said it was actively working on a fix. "Do not click on these pop-ups, connect your wallet [or] enter any personal information," the platform warned.
Notably, the fake pop-up notification tricked users into a cheap scam. They claimed that users have been selected to be given tokens as part of the platform's 'fair launch initiative'.
It falsely displayed the value of tokens, promised users that they would get about $5,500 worth of tokens if they linked their wallets, and even falsified CertiK's audit approval. This tactic mirrors a similar attack on CoinMarketCap that occurred just two days ago.
#Cointelegraph #CoinMarketCap #HackerAlert #Binance #ChangpengZhao
